LONDON BROKER RATINGS: Jefferies raises Tullow Oil to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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FTSE 100

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JPMorgan cuts Vodafone price target to 92 (93) pence - 'neutral'

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Jefferies cuts Rentokil Initial price target to 650 (740) pence - 'buy'

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Deutsche Bank cuts Rentokil Initial target to 642 (676) pence - 'buy'

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RBC raises United Utilities target to 1,125 (1,075) pence - 'sector perform'

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Goldman Sachs raises InterContinental Hotels target to 6,350 (6,200) pence - 'neutral'

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FTSE 250

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Jefferies cuts Watches of Switzerland price target to 700 (900) pence - 'buy'

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Barclays cuts Drax Group price target to 1,070 (1,200) pence - 'overweight'

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Barclays cuts Helios Towers price target to 95 (150) pence - 'equal weight'

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RBC raises Pennon Group price target to 875 (825) pence - 'sector perform'

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Berenberg raises FirstGroup price target to 185 (170) pence - 'buy'

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Goldman Sachs cuts Ceres Power price target to 320 (510) pence - 'buy'

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Goldman Sachs raises Man Group price target to 315 (295) pence - 'buy'

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SMALL CAP

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Goldman Sachs cuts ITM Power price target to 57 (68) pence - 'sell'

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Jefferies raises Tullow Oil to 'hold' (underperform) - price target 35 (25) pence

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